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The Prediction of the Impacts of the Euro Implementation on the Labour Price in the Slovak Republic – The View of Enterpreneurial Entities


  • Miroslav Spanik

    () (The Catholic University in Ružomberok, Slovak Republic)


The evaluation of the overall impact of the euro implementation on the national economy in the Slovak Republic is one year after its implementation as an official currency unreal1. This process will even be more complicated due to the fact that the change of national currency occurred in the period of the global economic crisis. The reduction in the use of existing production capacities, protectionism, rising unemployment2 and so called backward migration actively influence the labour market and hence the labour price. This article is devoted to analyzing the shift of views of selected experts from the corporate sector on the impact of the euro implementation and the resulting changes to the assessment of work and the determination of wages in the Slovak companies and in the overall economy of the country after the adoption of the single European currency in 2009. A long term research was executed in three phases: before and after fixing the conversion rate and nine month after the implementation of the euro in the Slovak Republic. The research reflected opinions before first real impacts of the global economic crisis as well as impacts before and after the implementation of a new currency. In the survey of subjective expert opinions, the author used the Delphi method and/or directed interview.

Suggested Citation

  • Miroslav Spanik, 2010. "The Prediction of the Impacts of the Euro Implementation on the Labour Price in the Slovak Republic – The View of Enterpreneurial Entities," ACTA VSFS, University of Finance and Administration, vol. 4(2), pages 163-174.
  • Handle: RePEc:prf:journl:v:4:y:2010:i:1:p:163-174

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    References listed on IDEAS

    1. Claudio Borio & William R. White, 2003. "Whither monetary and financial stability : the implications of evolving policy regimes," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 131-211.
    2. Frederic S. Mishkin, 2007. "Will Monetary Policy Become More of a Science?," NBER Working Papers 13566, National Bureau of Economic Research, Inc.
    3. William R. White, 2006. "Is price stability enough?," BIS Working Papers 205, Bank for International Settlements.
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